The Business Times
business-time-50
SUBSCRIBERS

Singapore eyes faster, cheaper forex trading ecosystem

MAS wants to develop pricing and matching engines here; Republic is world's 3rd largest FX hub, after London and NY, with HK close behind

google-preferred-sourceAdd BT as a preferred source
Angela Tan

Angela Tan

Published Tue, Nov 21, 2017 · 09:50 PM

    Singapore

    TRADING in Singapore's US$517-billion-a-day foreign exchange (FX) market is about to get even faster, cheaper and a whole lot more efficient.

    The Monetary Authority of Singapore (MAS) is looking into developing an ecosystem of pricing and matching engines here, which entails improving the execution in the institutional FX market for Singapore-based buy-side players, and allowing sell-side banks to price more competitively.

    Monetary Authority of Singapore

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Shoppers in Myeong-dong in Seoul. Tourists in the Asean+3 bloc (comprising Asean's 11 member states and China, Japan and South Korea) increasingly do not carry cash, nor do they need to change currency for their trips.

    Asean+3 has made strong progress on cross-border payment connectivity, but more work lies ahead

    A wind farm in South Sulawesi. Indonesia could deliver around 3 gigawatts of renewable energy capacity to Singapore.

    Indonesia targets year-end start for US$30 billion clean power exports to Singapore

    The benchmark Straits Times Index is up 3.23 points at finish at 4,946.

    Seatrium surge leads Singapore stocks slightly higher on Tuesday; STI up 0.1%

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More